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ERP Software Industry Enjoying Strong Growth

TMCnews


TMCnews Featured Article


August 02, 2011

ERP Software Industry Enjoying Strong Growth

By Susan J. Campbell, TMCnet Contributing Editor


Companies throughout the global marketplace rely on ERP software to be sure all internal processes are aligned, full visibility of the supply chain is enabled and customers are receiving quality service delivery on time. As companies are increasingly leveraging cloud computing and venturing into an economic recovery, ERP software adoption is gaining ground.


This recent Codestone report highlighted that the ERP software sector appears to be growing. Recent news released throughout the industry indicates that ERP software providers are enjoying strong growth and companies are benefitting from the recent innovations to advance their efforts.

SAP (News - Alert), for instance, produces the Business One product range. The company recently announced a 35 percent increase in its software revenue for the second quarter of 2011. Even more impressive is that this is the sixth consecutive quarter in which SAP’s reported revenues have increased by double digit figures. This strong growth demonstrates the growing demand for ERP software and the benefits that such an implementation can provide within the enterprise.

According to Cindy Walker, writing for MIT (News - Alert) Technology Review, there are a number of reasons behind the growth of ERP software implementations in the past few years. Perhaps the most critical point is that in the past, technology has failed to offer complete reliability in ERP software solutions. Recent innovations have made these deployments of much greater use to businesses in a wide range of industries.

Walker referred to the ability to streamline a firm with ERP software as one of the key advantages found in ERP software today. A number of companies implementing these solutions have found that their internal operations become more cost effective when ERP software solutions are installed and running.

With measureable results in place, companies throughout the world are examining the potential in ERP software, as well as hosted solutions. The market continues to grow at a rapid pace, thanks to improvements that have been seen through streamlining operations and the benefits to investing in entire ERP software packages, as compared with traditional approaches.

In other ERP software news, TMCnet recently reported that such deployments have proven to be successful in providing an integrated approach to business management. This is especially true when an organization is leveraging mobility.

Recent research suggests that 27 percent of the manufacturing executives already perform ERP software functions using their mobile device. Another 47 percent reported that they had little or no ERP software access through the same channel.


Susan J. Campbell is a contributing editor for TMCnet and has also written for eastbiz.com. To read more of Susan’s articles, please visit her columnist page.

Edited by Tammy Wolf







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